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USDJPY looks for a rising bottom -Analysis-14-05-2025
The USDJPY price declined in its recent intraday trading, attempting to look for a rising bottom to take it as a base that might assist it to gain the required positive momentum to recover, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line, supported by its continuous trading above its EMA50, besides the (RSI) reach to exaggerated oversold levels, which suggest the beginning of forming a positive divergence.
USDCAD declines affected by a negative technical formation -Analysis-14-05-2025
The USDCAD price declined in its recent intraday trading, with the emergence of the negative signals on the (RSI), affected by a negative technical formation that was completed in the end of the current bullish correctional wave – the double top pattern.
MoreAUDUSD gets ready to attack critical resistance -Analysis-14-05-2025
The NZDUSD price rose in its recent intraday trading, and succeeded to exit a bearish correctional channel’s range that was limiting its previous trading on the short-term basis, surpassing the resistance of its EMA50, increasing the positive pressures on its upcoming trading, with the emergence of the positive signals on the (RSI), preparing to attack the key resistance at 0.6500.
MoreNZDUSD attempts to get rid of its negative pressure -Analysis-14-05-2025
The NZDUSD price rose in its recent intraday trading, affected by breaching a bearish correctional trend line on the short-term basis, supported by the emergence of the positive signals on the (RSI), to notice reaching overbought levels, with the beginning of negative overlapping signals appearance, which might decrease the gains temporarily, as it needs to offload this overbought condition, especially that the pair is attempting to get rid of the negative pressure of the EMA50.
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